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Jeffrey Miller

How Would You Interpret These?

By Jeffrey Miller on November 18, 2008 | More Posts By Jeffrey Miller | Author's Website

Continuing with a recent theme, here are two questions of interpretation.

Interpreting Market Action

During today’s (Monday) trading, US  stocks opened lower, staged a big mid-day rally, trading in positive territory.  Finally, stocks closed about 2.4% lower.  Here is a chart.

Big.chart

With the trading in mind, what do you think of this news story:

Dell Downgrade Sends Stocks Lower

The text of the story continues the theme.  The problem is that the downgrade news was widely available before the market opened.

Paulson Gradecard

Secretary Henry Paulson was asked how he would rate his performance on a scale of 1 - 10.  He answered that if the question was regaining stability in the financial system he thought that “we were close to a 10.”

Judging from media and pundit commentary, most would disagree.  Is there any basis for supporting Paulson’s claim?

Posted in Categories: Contributor, Economy, External Research, Stocks, USA.

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